#42: How AI Is Rebuilding Accounts Payable for the Mid-Market with Prateek Sodhi, Co-Founder of Finofo

In this episode of Fintrepreneur, Dave and Eli sit down with Prateek Sodhi, Co-Founder and CEO of Finofo, a Calgary-based fintech automating accounts payable and financial operations for the Canadian mid-market. Prateek shares his journey from FX and institutional markets to founding Finofo — and why the company evolved from its original cross-border finance thesis to AP automation by following the actual customer problem.

He breaks down why accounts payable is one of the strongest real-world use cases for applied AI, where traditional OCR and template-based software fall short, and how finance teams should approach AI adoption: starting with operational pain rather than a mandate to "use AI." The conversation covers why AI in finance demands controls, explainability, and audit trails, the difference between AI-native platforms and legacy software with AI bolted on, and what the AP team of the future looks like when finance operates as decision-makers instead of workflow administrators. Whether you're a CFO, controller, or founder building in fintech, this episode is a practical playbook for bringing AI into the finance back office.